Finmart

Finmart review Malaysia November 2026

This review of Finmart combines the facts published on finmart.my with an explanation of its flat-rate example and a comparison with licensed moneylenders. It looks at what the platform actually shows borrowers and where its claims need a closer look.

The main takeaway: Finmart is a free loan comparison platform, not a lender. Its search covers RM1,000 to RM20,000 over 12 to 84 months, and it lists banks alongside licensed moneylenders. Its example shows how an “18% flat” rate turns into an APR of 30.59%, a gap every Malaysian borrower should understand.

About Finmart

Finmart is a website where you enter an amount and term, see offers from several providers and apply online. It describes itself as a comparison platform that does not issue loans, sign credit agreements or assess creditworthiness. Each lender sets its own approval, rates and fees.

The platform belongs to SIA JEFF, a company registered in Jelgava, Latvia (registration number 43603085405). Its terms are governed by Malaysian law, the service is free for users and users must be 18 or older.

Finmart’s company list mixes two very different groups: banks such as Maybank, CIMB, RHB, Hong Leong Bank and AFFIN Bank, and licensed moneylenders such as Tambadana, Nimbura, AmanahKredit and SakuWang. Banks are licensed by Bank Negara Malaysia, while moneylenders hold licences from KPKT under the Moneylenders Act 1951.

Finmart comparison with other lenders

Both Finmart and Crezu are free matching services, so the table also includes two licensed moneylenders that Finmart lists, to show what borrowing directly looks like.

Finmart covers the widest range. Its search goes up to RM20,000 and 84 months, against RM10,000 and 120 days at Crezu, and it includes bank personal loans that Crezu and the moneylenders cannot offer. CIMB, for example, is listed with loans up to RM100,000 over five years from 4.38% a year.

Crezu and the moneylenders are clearer about short-term cost. Crezu publishes a RM5,000 example over 91 days, and AmanahKredit and SakuWang state an 18% maximum APR. Finmart shows no rates for individual lenders, only its own platform-wide example.

Finmart loan rate per year

Finmart’s representative example is worth reading closely, because it shows the difference between a flat rate and an APR:

• Loan amount: RM10,000 over 36 months
• Flat rate: 18% a year
• Total interest: RM10,000 × 18% × 3 years = RM5,400
• Total repayable: RM10,000 + RM5,400 = RM15,400
• Monthly instalment: RM15,400 ÷ 36 = RM427.78
• Equivalent APR: 30.59%, before any fees

A flat rate charges interest on the full amount for the whole term, even though you repay part of the loan every month. That is why 18% flat equals about 30.6% APR here. When comparing offers on Finmart, use the APR, not the flat rate.

Finmart states a maximum APR of 31.72%, and any fees come on top. For comparison, a three-year RM10,000 bank loan at CIMB’s advertised starting rate of 4.38% a year would cost far less, so salaried borrowers with a good record should check bank offers first.

Finmart pros and cons

Pros

• Banks and moneylenders in one place: from short-term microloans to bank personal loans.
• Free to use: no fees for comparing or applying.
• Named lenders: each provider is shown by name, with amount ranges and age limits.
• An honest example that converts the flat rate into an APR.
• Available in English and Bahasa Melayu, with support by email six days a week.

Cons

• No rates per lender: interest and fees appear only in each lender’s own offer.
• Sponsored listings: the ranking is partly paid placement.
• The 12–84 month search does not match the 1–30 day terms of many listed moneylenders.
• No phone support, and the operator is based in Latvia.
• Its 4.8/5 rating and user numbers are self-reported.

How do you apply and compare loans on Finmart?

Finmart says a comparison takes about three minutes and needs no physical documents.

1. Set the amount (RM1,000 to RM20,000) and the term in the calculator.
2. Browse the listed offers or fill in the preliminary questionnaire, which Finmart forwards to partners to check your eligibility.
3. Choose an offer and compare its APR, term and total repayment with the alternatives.
4. Apply directly with the chosen bank or moneylender, which decides on approval and signs the agreement with you.

Requirements

• Age 18 or older to use Finmart
• The lender’s own age range, which varies from 18–70 to 21–60 in Finmart’s listings
• Your MyKad, proof of income and bank details, as each lender requires

What if you cannot repay a loan found on Finmart?

Finmart sets no rules of its own beyond the age limit, so repayment problems are handled between you and the lender.

• Finmart plays no part in repayment; the lender’s agreement sets the late charges.
• Licensed moneylenders may charge at most 18% a year on unsecured loans and may add no charges beyond stamp duty and attestation fees.
• Talk to the lender before the due date to agree a new schedule.
• Report harassment by a moneylender to KPKT.
• AKPK, the credit counselling agency set up by Bank Negara Malaysia, offers free debt advice.

Finmart contact details

Finmart offers support by email, Monday to Saturday. Its 50,000+ users and 4.8/5 rating are figures from its own homepage and have not been independently verified.

• Company: SIA JEFF (registration number 43603085405)
• Address: Viktorijas iela 25, Jelgava, LV-3001, Latvia
• Email: info@finmart.my

• Malaysia

Frequently asked questions about Finmart

• Is Finmart a licensed lender in Malaysia?

  No, Finmart is a comparison platform and does not lend money, sign agreements or assess creditworthiness. The banks it lists are licensed by Bank Negara Malaysia, and the moneylenders must hold a KPKT licence.

• Who owns Finmart?

  Finmart is operated by SIA JEFF, a company registered in Latvia under number 43603085405. Its terms of use are governed by Malaysian law.

• Is Finmart free to use?

  Yes, comparing and applying through Finmart costs nothing. You pay only the interest and charges in the agreement you sign with the lender.

• How much can I borrow through Finmart?

  Finmart’s search covers RM1,000 to RM20,000 over 12 to 84 months. Individual lenders set their own limits, from RM100 at some moneylenders to RM100,000 at CIMB.

• What does a loan found on Finmart cost?

  In Finmart’s example, RM10,000 over 36 months at 18% flat costs RM5,400 in interest, so you repay RM15,400 in instalments of RM427.78. That equals an APR of 30.59% before fees, and the stated maximum APR is 31.72%.

• What is the difference between a flat rate and APR?

  A flat rate charges interest on the full loan amount for the whole term, while APR reflects that you repay the loan gradually. An 18% flat rate over three years equals about 30.6% APR, so always compare offers by APR.

• Are the offers on Finmart ranked fairly?

  Finmart marks its lender listings as sponsored, and some carry a Watch ad to apply label. The order therefore reflects paid placement, so compare the APR and term of each offer yourself.

• Does Finmart check my credit?

  Finmart does not assess creditworthiness itself. It forwards your questionnaire to partner lenders, and the lender you apply to runs its own checks.

• How do I repay a loan found on Finmart?

  You repay the bank or moneylender directly, following the schedule in its agreement. Finmart does not collect payments.

• How do I contact Finmart?

  Finmart answers by email at info@finmart.my, Monday to Saturday. It does not list a phone number.

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Last update: 29.10.2026 13:24